The state funding formula is designed to cover the gap between local revenue and the amount necessary to have quality schools in each community. Charter schools, like Epic, receive no local tax revenue and nearly all funding comes from the state.
Hilbert said preventing a sustained windfall to Epic is one of the reasons he proposed the measure.
“The district with the most to lose is Epic, because they got as high as 60,000 students at one point, and they’ll be able to use that for two years after this year if we don’t change the law,” Hilbert said on the House floor Wednesday.